Chapter 37 Will CHFJPY surprise the market?
Summary
JPY's strength drives the market
Fundamental Analysis
It's the weekend the coming week we have a lot of news on the Japanese yen supporting the strength of the JPY as we know japan's central bank supports the currency on the other hand we have a little information on the CHF
Japan PPI MoM (Nov)
Previous 0.6%
Expected 0.5%
Switzerland Imports Price Index YoY
Previous 4.9%
Expected —----
Technical Analysis
We see in the 4H diagram chart the market moving in a channel down creating the lower high and lower low formation market price now at 146.137 we expect the price to pull up to the previous supply zone at 146.861 also to touch that 200 moving average to create new lower high and then the market will push down to the previous demand zone at 143.528 with twenty moving average pointing down
Suggestion
Sell limit 146.860 SL 148.200 TP 143.600
